Friday, April 12, 2013

Does Retirement Age Impact Mortality?

Does Retirement Age Impact Mortality?

Erik Hernaes et al.  Journal of Health Economics, May 2013, Pages 586–598
Abstract:  The relationship between retirement and mortality is studied with a unique administrative data set covering the full population of Norway. A series of retirement policy changes in Norway reduced the retirement age for a group of workers but not for others. Difference-in-differences estimation based on monthly birth cohorts and treatment group status show that the early retirement programme significantly reduced the retirement age; this holds true also when we account for programme substitution, for example into the disability pension. Instrumental variables estimation results show no effect on mortality of retirement age; neither do estimation results from a hazard rate model.

Nod to Kevin Lewis

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